Tesla inks deal to buy German manufacturing engineering firm
PALO ALTO, Calif. — Tesla Motors says it has agreed to buy a German engineering company to help automate its electric car manufacturing.
The company is buying buy Grohmann Engineering, which Tesla says is a leader in highly automated manufacturing methods.
Tesla expects to start building the $35,000 Model 3 electric car next year, and it wants to build 500,000 cars per year in two years. More than 300,000 people have put down deposits to reserve a Model 3.